Crude oil (WTI) is increasing 0.49% to $45.36 per barrel and Brent crude is up 0.65% to $46.70 per barrel this afternoon.
Oil prices advanced more than 1% after the U.S. said the economy created 287,000 jobs in June, the biggest increase in eight months, Reuters reports.
Additionally, new concerns about militant attacks on Nigerian oil infrastructure pushed prices higher earlier today.
But oil trimmed some gains this afternoon amid concerns about oversupplies.
"It's choppy and will likely stay so," David Thompson, EVP at commodities broker Powerhouse, told Reuters, "It'll be a tug of war today between the very strong jobs numbers and the existing bearish oil market fundamentals."
Transocean is a Switzerland-based provider of offshore drilling contract services for oil and gas wells.
Separately, TheStreet Ratings Team has a "Sell" rating with a score of D+ on the stock.
Among the areas the team believes are negative, one of the most important has been a generally disappointing historical performance in the stock itself.
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
You can view the full analysis from the report here: RIG